DOVER Corp DOV
Dover Corporation is a diversified global manufacturer and solutions provider delivering innovative equipment and components, consumable supplies, aftermarket parts, software and digital solutions and support services through five operating segments: Engineered Products, Clean Energy & Fueling, Imaging & Identification, Pumps & Process Solutions, and Climate & Sustainability Technologies. Unless the context indicates otherwise, references herein to "Dover," "the Company," and words such as "we," "us," or "our" include Dover Corporation and its consolidated subsidiaries. Dover was incorporated in 1947 in the State of Delaware and became a publicly traded company in 1955. Dover is headquartered in Downers Grove, Illinois and currently employs approximately 24,000 people worldwide.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $8.09B | $7.75B | $7.68B | $7.84B | $7.91B | $6.68B | $7.14B | $6.99B | $6.82B | $6.04B |
| Cost of revenue | $4.87B | $4.79B | $4.82B | $4.94B | $4.94B | $4.21B | $4.52B | $4.43B | $4.29B | $3.82B |
| Gross profit | $3.22B | $2.96B | $2.87B | $2.90B | $2.97B | $2.47B | $2.62B | $2.56B | $2.53B | $2.23B |
| R&D | $165.3M | $149.6M | $139.1M | $151.4M | $157.8M | $142.1M | $141.0M | $143.0M | $130.5M | $115.8M |
| SG&A | $1.84B | $1.75B | $1.65B | $1.63B | $1.69B | $1.54B | $1.60B | $1.72B | $1.72B | $1.52B |
| Operating income | $1.37B | $1.21B | $1.22B | $1.28B | $1.28B | $933.0M | $974.9M | $843.1M | $806.9M | $709.0M |
| Interest expense | $109.8M | $131.2M | $131.3M | $116.5M | $106.3M | $111.9M | $125.8M | $131.0M | $144.9M | $136.0M |
| Pre-tax income | $1.37B | $1.76B | $1.12B | $1.19B | $1.40B | $841.7M | $843.0M | $725.4M | $875.8M | $684.6M |
| Income tax | $276.8M | $357.0M | $179.1M | $200.3M | $277.0M | $158.3M | $165.1M | $134.2M | $129.2M | $182.5M |
| Net income | $1.09B | $2.70B | $1.06B | $1.07B | $1.12B | $683.5M | $677.9M | $570.3M | $811.7M | $508.9M |
| EPS, basic | 7.99 | 19.58 | 7.56 | 7.47 | 7.81 | 4.74 | 4.67 | 3.80 | 5.21 | 3.28 |
| EPS, diluted | 7.94 | 19.45 | 7.52 | 7.42 | 7.74 | 4.70 | 4.61 | 3.75 | 5.15 | 3.25 |
| Shares, diluted (wtd. avg.) | $137.8M | $138.7M | $140.6M | $143.6M | $145.3M | $145.4M | $147.0M | $152.1M | $157.7M | $156.6M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $1.68B | $1.84B | $398.6M | $380.9M | $385.5M | $513.1M | $397.3M | $396.2M | $754.0M | $349.1M |
| Receivables | $1.37B | $1.35B | $1.32B | $1.52B | $1.35B | $1.14B | $1.22B | $1.23B | $1.18B | $1.27B |
| Inventory | $1.27B | $1.14B | $1.14B | $1.37B | $1.19B | $835.8M | $806.1M | $748.8M | $677.0M | $870.5M |
| Total current assets | $4.51B | $4.48B | $3.39B | $3.42B | $3.06B | $2.62B | $2.55B | $2.50B | $2.79B | $2.59B |
| Property, plant and equipment | $1.12B | $987.9M | $978.5M | $1.00B | $957.3M | $897.3M | $842.3M | $806.5M | $787.9M | $945.7M |
| Goodwill | $5.43B | $4.91B | $4.64B | $4.43B | $4.56B | $4.07B | $3.78B | $3.68B | $3.69B | $3.67B |
| Other intangibles | $1.76B | $1.58B | $1.45B | $1.33B | $1.36B | $1.08B | $1.06B | $1.13B | $1.28B | $1.80B |
| Total assets | $13.42B | $12.51B | $11.35B | $10.90B | $10.40B | $9.15B | $8.67B | $8.37B | $10.66B | $10.12B |
| Accounts payable | $875.7M | $848.0M | $854.5M | $1.07B | $1.07B | $853.9M | $920.6M | $969.5M | $882.0M | $830.3M |
| Short-term debt | $706.7M | $399.4M | $0 | $735.8M | $105.7M | $0 | $84.7M | $0 | $350.0M | $1.1M |
| Total current liabilities | $2.52B | $2.20B | $2.41B | $2.77B | $2.25B | $1.74B | $1.75B | $1.83B | $2.14B | $1.94B |
| Long-term debt | $2.62B | $2.53B | $2.99B | $2.94B | $3.02B | $3.11B | $2.99B | $2.94B | $2.99B | $3.21B |
| Retained earnings | $14.22B | $13.41B | $11.00B | $10.22B | $9.45B | $8.61B | $8.21B | $7.82B | $8.46B | $7.93B |
| Total equity | $7.41B | $6.95B | $5.11B | $4.29B | $4.19B | $3.39B | $3.03B | $2.77B | $4.38B | $3.80B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.34B | $1.09B | $1.22B | $746.8M | $1.12B | $1.10B | $945.3M | $789.2M | $739.4M | $734.6M |
| Depreciation and amortisation | $379.6M | $337.8M | $305.0M | $295.7M | $290.1M | $279.1M | $272.3M | $282.6M | $283.3M | $249.7M |
| Stock-based compensation | $44.0M | $40.4M | $30.8M | $30.1M | $31.1M | $25.0M | $29.7M | $23.7M | $24.1M | $18.6M |
| Capital expenditure | $220.3M | $167.5M | $183.4M | $211.1M | $171.5M | $165.7M | $186.8M | $171.0M | $170.1M | $139.6M |
| Investing cash flow | -$886.6M | -$27.0M | -$717.7M | -$520.8M | -$992.8M | -$481.4M | -$384.3M | -$245.5M | $208.3M | -$1.48B |
| Financing cash flow | -$624.9M | -$1.27B | -$568.1M | -$260.3M | -$249.9M | -$506.3M | -$558.0M | -$897.8M | -$592.9M | $634.3M |
| Dividends paid | $283.0M | $283.1M | $284.3M | $287.6M | $286.9M | $284.3M | $282.2M | $283.6M | $284.0M | $267.7M |
| Buybacks | $540.7M | $500.0M | $0 | $585.0M | $21.6M | $106.3M | $143.3M | $895.0M | $105.0M | $0 |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000029905-26-000009.
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